FINAL REPORT Essay Example | Topics and Well Written Essays - 9000 words

FINAL REPORT - Essay Example The researcher was appointed as an accounting clerk and placed at Almajal security firm where the individual’s fundamental responsibility was to support accounting operations which mainly involved filling up of documents. In addition to that the researcher was also responsible for settlement of financial statements as well as run a simulation package. This reflective report has primarily been segmented into two sections. The first segment involves an exploration of different learning curves attained during the placement program. Alongside that, a thorough analysis of learning outcomes will be done via a self reflective report with the help of theoretical models that emulate the overall mechanism of learning. Thereafter is the second segment where the research topic will be addressed. In this segment the researcher will basically conduct an in-depth research by means of an investigative study over the implications of automating the process of accounting followed within an organization. This analysis will be presented in context of the organization where the researcher was placed. One of the major issues witnessed in contemporary accounting organizations is accounting error, manipulation or fraud. On one hand where accounting regulators such as the Internal Accounting Standards Board is trying their level best to unify accounting principles in order to enhance the transparency and understandability of financial statements, accounting officials are either committing huge errors or indulging in fraudulent activities which in turn is increasing the cost borne by the company. This is where the relevance of an automated accounting process lies, that strives to minimize the probability of error and in turn enhance efficiency of the organization under concern. This in turn would enable the company to increase its profit margin while bringing down the cost. As conclusion, it was stated that incorporating technologically enabled